Daily Stock Ideas – December 7, 2021
Today’s 5 Stock Ideas:
- Intel (INTC) – Shares were up 8% Tuesday morning following late Monday news the company intends to take its driver assistance, autonomous driving solutions unit Mobileye public.
- Meritor (MTOR) – The company announced Tuesday morning (among several other items) it will develop a hydrogen fuel cell electric truck program with a company called Hexagon Purus. Meritor will host an event Tuesday at 10 a.m. EST to discuss the developments announced by the company Tuesday morning.
- Anixa Biosciences (ANIX) – The company reported it and MolGenie’s COVID-19 compounds are expected to be effective against the omicron variant.
- LumiraDX (LMDX) – A company partner, Audere, which has a platform called HealthPulse@home that is certified for use on LumiraDX, reported it received Emergency Use Authorization from the FDA for its COVID-19 specimen collection test kit.
- Iteris (ITI) – The company will host an investor update on Tuesday at 1 p.m. EST. These investor day events have been known to create added interest and volatility in a stock.